Derrick Favors dunks the ball before Memphis Grizzlies center Jonas Valanciunas can get to him during the third quarter in game five of the first round of the 2021 NBA Playoffs at Vivint Arena. Chris Nicoll-USA TODAY Sports

Jazz trade Derrick Favors, first-round pick to Thunder for second-round pick

The Utah Jazz have traded Derrick Favors and a future first-round pick to the Oklahoma City Thunder in exchange for a future second-round selection, according to ESPN's Adrian Wojnarowski. 

Favors' departure gives the Jazz some much-needed financial flexibility ahead of the 2021-22 season. For the Thunder, it's another first-round pick hoarded by general manager Sam Presti. 

Favors came off the bench for Utah in 68 games last season, averaging 5.4 points, 5.5 rebounds, and one block while shooting 63.8% from the field. 

The 30-year-old has spent 10 seasons with the Jazz after being selected third overall by the New Jersey Nets in 2010. He has also played for the New Orleans Pelicans. 

Favors has two years remaining on the three-year, $27-million deal he signed with Utah in November 2020. 

More must-reads:

TODAY'S BEST
Predators prey upon major Canucks absence, tie series 1-1 with 4-1 win
Watch: Luka Doncic's dagger three evens Mavericks-Clippers series
Second-period goal flurry helps Avalanche beat Jets in Game 2, tie series
Pascal Siakam dominates in Game 2 win over Bucks to tie series for Pacers
Watch: Clippers wing delivers a 'Mann's jam' in Game 2 against Mavericks
Watch: Shohei Ohtani's 450-foot home run is hardest-hit ball of 2024
Top hoops recruit Cooper Flagg signs with agency for NIL representation
Timberwolves turn defense into offense in Game 2 win over Suns
Watch: Carter Verhaeghe nets another OT winner for Panthers
Rangers take 2-0 series lead with 4-3 win over Capitals
Clippers to get superstar player back for Game 2
Watch: Suns' Devin Booker, Timberwolves' Jaden McDaniels get into it
Chiefs reportedly 'bracing for' star WR's suspension, which could influence draft approach
Timberwolves head coach makes clutch early challenge in Game 2
Watch: Brewers pitcher had brutal first career pitch in Majors
Sixers’ Tyrese Maxey wins NBA's Most Improved Player award
NBA admits several missed calls at end of Knicks-76ers Game 2
Insider shares what 49ers told Deebo Samuel about his trade status ahead of draft
Yankees announce major injury update on three-time All-Star
Commanders suddenly cut pass-rusher after NFL reinstatement